{"id":12038,"date":"2022-02-25T15:31:02","date_gmt":"2022-02-25T15:31:02","guid":{"rendered":"https:\/\/www.africa-press.net\/rwanda\/all-news\/ifc-partners-with-3b-group-of-hotels-to-support-growth-jobs-in-rwandas-tourism-sector"},"modified":"2022-02-25T15:51:02","modified_gmt":"2022-02-25T15:51:02","slug":"ifc-partners-with-3b-group-of-hotels-to-support-growth-jobs-in-rwandas-tourism-sector","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/rwanda\/economy\/ifc-partners-with-3b-group-of-hotels-to-support-growth-jobs-in-rwandas-tourism-sector","title":{"rendered":"IFC Partners With 3B Group Of Hotels To Support Growth, Jobs In Rwanda\u2019s Tourism Sector"},"content":{"rendered":"

Africa-Press – Rwanda. <\/strong><\/span>To help strengthen Rwanda\u2019s tourism sector and create jobs, IFC today announced a partnership with 3B Group of Hotels to support the company\u2019s expansion and the upgrading of its existing lodges in the country.<\/p>\n

IFC will lend up to US$3.7 million to 3B Group of Hotels to support its construction of a 30-room mid-market safari camp in Akagera in Rwanda\u2019s Great Lakes region and the refurbishment and upgrading of its three existing properties in Rwanda.<\/p>\n

IFC\u2019s investment will also help 3B Group of Hotels meet its working capital needs and strengthen its environmental, social, and governance practices.<\/p>\n

The projects are expected to create more than 90 permanent jobs, and more temporary jobs during the construction phase.<\/p>\n

Tourism makes a major contribution to jobs and economic activity in Rwanda, famed for its mountain gorillas, but the sector was hit hard by the COVID-19 pandemic, with tourism earnings plummeting by about 75% in 2020, according to the World Bank.<\/p>\n

Many tourism-focused businesses struggled during the depths of the pandemic, making increased investment in the sector even more urgent.<\/p>\n

\u201cWe are expanding our operations to the eastern region to give our guests a full experience of Rwanda\u2019s tourism offerings and diversity in terms of tourism locations. Most importantly, our expansion will improve 3B Group of Hotel\u2019s average length of stay,\u201d said Paul Muvunyi, Chairman, 3B Group of Hotels.<\/p>\n

\u201cSo, IFC\u2019s financing has come at a critical stage and will support 3B Group of Hotels to complete construction of the 30-room Akagera Safari Camp Lodge and renovate existing lodges.\u201d<\/p>\n

\u201cTourism is an important driver of economic growth in Rwanda and other parts of Africa, but the sector needs additional support in the wake of the damaging effects of COVID-19 on trade and travel. IFC\u2019s partnership with 3B Group of Hotels will create jobs and help strengthen Rwanda\u2019s tourism sector as it recovers from the pandemic.<\/p>\n

IFC invests in tourism because of its positive developmental impact on a range of local businesses,\u201d said Jumoke Jagun-Dokunmu, IFC Regional Director for Eastern Africa.<\/p>\n

IFC\u2019s funding package includes a US$1.7 million concessional loan from the International Development Association\u2019s Private Sector Window, a fund that supports private sector growth in lower-income countries.<\/p>\n

IFC also works with governments to strengthen the overall tourism ecosystem to support more competitive destinations that attract travelers.<\/p>\n

For More News And Analysis About Rwanda<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Rwanda. To help strengthen Rwanda\u2019s tourism sector and create jobs, IFC today announced a partnership with 3B Group of Hotels to support the company\u2019s expansion and the upgrading of its existing lodges in the country. IFC will lend up to US$3.7 million to 3B Group of Hotels to support its construction of a […]<\/p>\n","protected":false},"author":84,"featured_media":12037,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15,28],"tags":[760,763,758],"class_list":["post-12038","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-africa-press","tag-africa-press-rwanda","tag-rwanda"],"yoast_head":"\nIFC Partners With 3B Group Of Hotels To Support Growth, Jobs In Rwanda\u2019s Tourism Sector - Rwanda<\/title>\n<meta name=\"description\" content=\"To help strengthen Rwanda\u2019s tourism sector and create jobs, IFC today announced a partnership with 3B Group of Hotels to ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/rwanda\/economy\/ifc-partners-with-3b-group-of-hotels-to-support-growth-jobs-in-rwandas-tourism-sector\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IFC Partners With 3B Group Of Hotels To Support Growth, Jobs In Rwanda\u2019s Tourism Sector\" \/>\n<meta property=\"og:description\" content=\"To help strengthen Rwanda\u2019s tourism sector and create jobs, IFC today announced a partnership with 3B Group of Hotels to ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/rwanda\/economy\/ifc-partners-with-3b-group-of-hotels-to-support-growth-jobs-in-rwandas-tourism-sector\" \/>\n<meta property=\"og:site_name\" content=\"Rwanda\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-25T15:31:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-02-25T15:51:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2022\/02\/img-6218fad01571c.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"499\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/ifc-partners-with-3b-group-of-hotels-to-support-growth-jobs-in-rwandas-tourism-sector#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/ifc-partners-with-3b-group-of-hotels-to-support-growth-jobs-in-rwandas-tourism-sector\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"IFC Partners With 3B Group Of Hotels To Support Growth, Jobs In Rwanda\u2019s Tourism Sector\",\"datePublished\":\"2022-02-25T15:31:02+00:00\",\"dateModified\":\"2022-02-25T15:51:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/ifc-partners-with-3b-group-of-hotels-to-support-growth-jobs-in-rwandas-tourism-sector\"},\"wordCount\":418,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/ifc-partners-with-3b-group-of-hotels-to-support-growth-jobs-in-rwandas-tourism-sector#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2022\/02\/img-6218fad01571c.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Rwanda\",\"Rwanda\"],\"articleSection\":[\"all news\",\"Economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/rwanda\/economy\/ifc-partners-with-3b-group-of-hotels-to-support-growth-jobs-in-rwandas-tourism-sector#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/ifc-partners-with-3b-group-of-hotels-to-support-growth-jobs-in-rwandas-tourism-sector\",\"url\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/ifc-partners-with-3b-group-of-hotels-to-support-growth-jobs-in-rwandas-tourism-sector\",\"name\":\"IFC Partners With 3B Group Of Hotels To Support Growth, Jobs In Rwanda\u2019s Tourism Sector - 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